Lending Options for TIC Properties in SF

[Stephen Herbert]

Hi all - 

I have a client that is growing aggressively in the TIC space and is no longer interested in working with their banking relationship and is looking for something more aligned with the HML space. I've not been able to find a lender that is willing to lend on a TIC property - has anyone had luck with this before?

• Triplex in SF
• Borrowers sold 2 of the units and want to refi the 3rd into a long term hold
• 75% AIV LTV, 5-10 year option

If you could point me in the right direction, that would be appreciated!